Orbotech (NASDAQ:ORBK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Orbotech LTD. is the world leader in the design, development, manufacture and marketing of AOI systems for use in the manufacture of printed circuit boards and flat panel displays and is a leader in the design, development, manufacture and marketing of imaging solutions for PCB production and of AOI systems for use in the electronics assembly industry. They market computer aided manufacturing solutions for PCB production and continue to develop its proprietary AOI technologies for use in other applications both within and outside the electronics industry. (press release) “

A number of other research analysts also recently commented on ORBK. Needham & Company LLC increased their target price on shares of Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. ValuEngine downgraded shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Oppenheimer raised their price objective on shares of Orbotech from $42.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and set a $42.00 price objective on shares of Orbotech in a research report on Tuesday, September 12th. Finally, BidaskClub downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $51.00.

Orbotech (ORBK) traded down $0.17 during midday trading on Wednesday, hitting $51.48. 352,100 shares of the company were exchanged, compared to its average volume of 255,233. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71. The stock has a market cap of $2,470.00, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 0.83 and a beta of 0.80. Orbotech has a 1 year low of $28.01 and a 1 year high of $56.44.

A number of institutional investors have recently modified their holdings of the business. Strategic Global Advisors LLC grew its position in Orbotech by 2.8% during the 2nd quarter. Strategic Global Advisors LLC now owns 29,670 shares of the electronics maker’s stock worth $968,000 after purchasing an additional 800 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Orbotech by 5.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,835 shares of the electronics maker’s stock worth $549,000 after acquiring an additional 864 shares during the period. Renaissance Group LLC lifted its stake in shares of Orbotech by 7.7% in the 3rd quarter. Renaissance Group LLC now owns 14,938 shares of the electronics maker’s stock worth $631,000 after acquiring an additional 1,074 shares during the period. California Public Employees Retirement System lifted its stake in shares of Orbotech by 0.8% in the 2nd quarter. California Public Employees Retirement System now owns 180,500 shares of the electronics maker’s stock worth $5,888,000 after acquiring an additional 1,500 shares during the period. Finally, FNY Partners Fund LP lifted its stake in shares of Orbotech by 106.3% in the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock worth $126,000 after acquiring an additional 1,546 shares during the period. 66.15% of the stock is currently owned by institutional investors.

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About Orbotech

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

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